Mark Rienzie's Blog

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Real Estate Agent - Century 21 Prevete Real Estate - 40RI0590108
RECENT BLOG POSTS
Since home sales seem to be picking up around the nation, following are some helpful hints if you're a Seller, and some helpful hints for your Seller if you're the agent. This list is San Diego specific, so modify as necessary for your area. Don't do something that you're not comfortable doing; ...
10/18/2009
Hi folks. Let's talk a little bit about professional courtesy. I hear this term quite a bit on AR and in my business. Usually, it goes something like this: "The listing agent should have told me he had other offers on the property, as a professional courtesy". "Even though my buyer's offer was a ...
10/18/2009
Have you noticed how many real estate agents are looking for the "magic pill" brokerage?  I have to admit that I did the same thing myself just a few months ago.  I landed at a new company in town that promised to be the next great thing for agents.  This company offers to do everything for the a...
10/17/2009
No sooner than when you thought you knew everything there was about how to navigate the often choppy Short Sale Waters, does the government come up with a new plan that will drastically change the way that short sales are going to be looked at by lenders.  The new Making Home Affordable (MHA) pro...
10/17/2009
Interest only loan modifications may be on the horizon.  Earlier this week, JP Morgan Chase and BofA announced their intentions to submit a proposal to President Obama, expanding the current Home Affordable plan to include a potential interest-only period.  Their argument is that more borrowers w...
10/17/2009
Have you ever picked up the phone to have a seller client ask - Hey, I just noticed the house down the street went under contract - Why wasn't it ours?! When this happens the agent is often on the defensive /reacting to the situation, not to mention caught off guard. Here's a simple way to be pro...
10/16/2009
Property Flipping guidelines extended by FHA , until May 2010!  What does this mean and who does this affect? What is property flipping?   No .......it's not flipping your home with another couple as seen in trading spaces on  TLC!                                                          FHA GUID...
10/11/2009
Currently, 85% of new mortgages are guaranteed by Government backed entities( FHA, FNMA, GNMA, Freddie Mac) and the Fed buys 80% of the securities into which these government backed mortgages are packaged.  This dominance of the Fed and the reliance upon the Government to fund mortgages can not l...
10/11/2009
Over the course of my career, I have been the bearer of tough news for my listing clients many times.  I don't ever relish the thought of sharing bad news with anyone, but I must admit that my skills in this area have improved dramatically with experience. I have a few tips to share that might he...
10/09/2009
Four senators are putting their muscle behind a new housing bill intended to prohibit lenders operating in the U.S. from foreclosing on home owners without first having discussed reasonable modification options with the borrowers.  The bill, called the Preserving Homes and Communities Act is bein...
10/07/2009
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Mark Rienzie

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